Developmental Institutions, Mutual Funds, Domestic and Foreign Institutional Investors, Brokers and Retail Investors are the likely players in the Options Market. Retail investors look to make profits in the short term by buying in calls and puts instead of buy and selling stocks. Then there are HNIs who not only buy options but also sell options for the sake of premiums. Quite often proprietary desks of brokers also participate in the options market. They either look at selling options or in doing hybrid strategies by combining two different options to create riskless positions. Large institutions like mutual funds and FIIs use options to hedge their cash market positions and reduce their risk overall.